Sunoco LP Announces Increase in Quarterly Distribution and Targets 2025 Distribution Growth Rate of At Least 5%

Core Viewpoint - Sunoco LP announced a quarterly distribution increase of 1.25% for Q4 2024, reflecting a strong financial outlook and commitment to growth [1][5]. Company Overview - Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [2]. - The Partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [2]. - Sunoco LP serves around 7,400 branded locations and additional independent dealers and commercial customers [2]. Financial Performance - The declared quarterly distribution for Q4 2024 is $0.8865 per common unit, which annualizes to$3.5460 per common unit [1]. - This distribution represents the third consecutive increase in the annual distribution growth rate [5]. - The company targets a distribution growth rate of at least 5% for 2025, with future increases to be announced quarterly [5]. Tax Information - All distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with a U.S. trade or business [4].